The effective interest rate on a 15-year mortgage jumped to
3.88%, and was up sharply from 3.46% in September. The effective rate on a
30-year fixed-rate loan increased to 4.48%. The rate on a Jumbo 30-year loan
rose to 4.35%. For adjustable 5-year mortgages, the effective interest rate
increased to 3.80%, up from September's low of 3.25%.

The average mortgage loan size improved to $280,400, up 3.8%
y/y. For purchases, the average loan size increased to $301,200 (-1.5% y/y); for
refinancings, it rose to $261,300 (9.6% y/y).

The survey covers over 75% of all U.S. retail residential
mortgage applications and has been conducted weekly since 1990. Respondents
include mortgage bankers, commercial banks and thrifts. The base period and
value for all indexes is March 16, 1990=100. The figures for weekly mortgage
applications and interest rates are available in Haver's SURVEYW database